The Dictatorship
Trump plans aid package for US soybean farmers while seeking trade deal with China
WASHINGTON (AP) — President Donald Trump is planning a significant aid package to U.S. soybean farmers to help them survive China’s boycott of American beans in response to his trade war even as the president says he is still seeking a soybean deal with Beijing.
But farmers are worried that time is quickly running out to reach a deal in time to sell any of this year’s crop to their biggest customer.
Treasury Secretary Scott Bessent on Thursday said on CNBC that the public could expect news of “substantial support for our farmers, especially the soybean farmers” as soon as Tuesday.
Details of the aid package are unknown, but it would come as the world’s two largest economies have been unable to reach a trade deal and China has halted purchases of U.S. beans. China, the biggest foreign buyer of American soybeans for many years, last bought American beans in May and has not bought any for this harvest season, which began in September.
“The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying,” Trump wrote in a Truth Social post on Wednesday. “We’ve made so much money on Tariffs, that we are going to take a small portion of that money, and help our Farmers.”
“I’ll be meeting with President Xi, of China, in four weeks, and Soybeans will be a major topic of discussion,” Trump wrote.
The soybeans that China imports largely for oil extraction and animal feed are an important crop for U.S. agriculture because they are the top U.S. food export, accounting for about 14% of all farm goods sent overseas and China has been buying 25% of all American soybeans in recent years.
U.S. farmers grew $60.7 billion worth of soybeans, or nearly 4.3 billion bushels, in the 2022-2023 marketing year, according to the American Soybean Association. Just over half were exported. Illinois is the top soybean growing state, but Iowa, Nebraska and Minnesota are also large producers.
Trump and Chinese President Xi Jinping are expected to meet on the sidelines of the annual summit of the Asia Pacific Economic Cooperation grouping, to be held at the end of October in South Korea.
In Trump’s first trade war with China, he gave American farmers more than $22 billion in aid payments in 2019 and nearly $46 billion in 2020, though the latter also included aid related to the COVID pandemic.
Time is running out
Caleb Ragland, a Kentucky farmer who serves as president of the American Soybean Association, welcomed Trump acknowledging the difficulties faced by farmers. He said actions are needed to prevent many farmers from going out of business.
Before the trade war, farmers were already pinched by high costs and low crop prices, he said. Then, their biggest customer vanished.
“It’s just unfortunate that we’re being used as a bargaining chip in this trade war that’s not of our own doing,” Ragland said.
He said time is running low for the two governments to strike a deal, because China has already ordered soybeans from countries such as Brazil and Argentina for deliveries through December and, if there’s no soybean deal soon, China could skip the U.S. entirely.
“If they get another couple months, they’re into new crop soybeans in Brazil and Argentina. And they’re going to bypass us altogether if we’re not careful,” Ragland said.
Deal is still likely
China has slapped 20% tariffs on U.S. soybeans since Trump announced his tariffs on the world in the spring, making U.S. beans uncompetitive in price.
The retaliatory tariffs are in response to Trump’s new import taxes on Chinese goods over allegations that Beijing has failed to stem the flow of chemicals used to make fentanyl as well as Trump’s across-the-board “Liberation Day” tariffswhich have been reduced to the 10% baseline rate.
Observers say China could ease tariffs on U.S. farm goods should the White House walk back on fentanyl-related tariffs. That has yet to happen.
The White House “has not prioritized fentanyl” since this spring, said Sun Yun, director of the China program at the Washington-based think tank Stimson Center. She said Wang Xiaohong, China’s public security minister, showed up in Geneva in May but met no counterpart from the U.S. to negotiate with.
But it is not time yet to write off a soybean deal, she said. “China still needs to have something to show for at the leadership meeting in South Korea,” Sun said.
Gabriel Wildau, managing director of the consultancy Teneo, said a soybean deal is “the lowest-hanging fruit” for both governments.
“China needs beans, and the U.S. has them to sell. It costs China basically nothing to shift towards U.S. beans and away from Brazil and Argentina,” Wildau said. “If Washington and Beijing can’t reach a deal on soybeans, then they don’t have much hope of reaching a deal on thornier issues like export controls.”
Argentina is a sore subject for U.S. farmers right now because on September 24, Beijing took advantage of a tax holiday in Argentina and ordered nearly 2 million tons of Argentine soybean and soy products. The tax holiday came after the U.S. signaled it would provide a $20 billion support package to help stabilize the Latin American country’s economy.
“That situation was angering to many farmers,” Ragland said. “And while I don’t think the specific intent was just to give a big chunk, give $20 billion to Argentina so that they could send China soybeans. That was the result. And the optics of it look absolutely terrible.”
Farmers prefer trade over aid
Government aid might be necessary to help farmers get through this year if they cannot sell to China, but farmers say they would rather sell their crops on the market.
“All farmers are proud of what they do and they don’t like handouts. We’d rather make it with our own two hands than have it handed to us,” Iowa farmer Robb Ewoldt said.
Meanwhile, farmers like Ryan Mackenthun, a fifth-generation farmer in south-central Minnesota, say they will do everything they can to survive.
“It’s definitely tighten the belt, to look at the inputs, look at the previous investments I made in fertilizer and see if I can stretch another year or two out of them to reduce costs but maintain the same yield projections, run equipment longer,” Mackenthun said.
The Dictatorship
Monday’s Campaign Round-Up, 6.22.26: Why Trump backed both Republicans in a key S.C. race
Today’s installment of campaign-related news items from across the country.
* In South Carolina’s gubernatorial raceDonald Trump endorsed Lt. Gov. Pam Evette last month. Last week, however, ahead of this week’s primary runoff election in the race, the president published an online item telling voters that “you can’t go wrong” with either Evette or state Attorney General Alan Wilson.
If this sounds at all familiar, it’s because Trump has done this before. Around this time two years ago, for example, he endorsed both Republicans running in a congressional primary in Arizona. And two years before that, he endorsed two leading contenders in a Senate primary in Missouri.
Only the president can say for sure why he ended up endorsing Evette and Wilson in the South Carolina race, though it’s worth emphasizing for context that GOP primary voters have already ignored his direction into two gubernatorial primaries this month, and it stands to reason that he hoped to avoid a third.
* We’re one day away from a variety of notable racesincluding but not limited to South Carolina’s gubernatorial race. There are also some congressional primaries in a handful of statesincluding Maryland, New York and Utah.
* In took a while, but the ballots have been tallied under Maine’s ranked-choice systemand we now know that Democrat Hannah Pingree, the former state House speaker, will face off against Republican Bobby Charles, who worked at the State Department during the Bush-Cheney era.
* As for Maine’s closely watched congressional racestate Auditor Matt Dunlap won the Democratic nomination in the battleground 2nd District, defeating state Sen. Joe Baldacci, who enjoyed the backing of the Democratic Congressional Campaign Committee. Dunlap will run in the fall against a familiar figure: former Republican Gov. Paul LePage, who had moved to Florida a few years ago, but who returned to run for Congress.
* In California’s congressional special electiontwo Democratic candidates — state Sen. Aisha Wahab and Melissa Hernandez, a Bay Area Rapid Transit director — have advanced to an Aug. 18 special general election. The winner will fill the vacancy left by disgraced former Rep. Eric Swalwell, who resigned in April.
* In a new commercial shared first with MS NOWDemocrat James Talarico has launched his campaign’s first multimillion-dollar ad buy in Texas’ gubernatorial race. In the 30-second spot, Talarico focuses on affordability and the cost of living. The state lawmaker will face scandal-plagued state Attorney General Ken Paxton in the fall.
* And in New Jersey, Republican Rep. Tom Kean Jr.who has been missing from Capitol Hill since early March, will reportedly return to work on June 30according to a statement from his spokesperson. Neither Kean nor his office have offered any public information about why he has been away.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
The Dictatorship
Trump tries dual endorsement in South Carolina as his pick for governor flounders in polls
After President Donald Trump’s pick for governor in Iowa lost in the Republican primary earlier this month, the president argued that he “would have endorsed the other person” if he had “the proper information.”
Trump is taking no chances in the South Carolina gubernatorial primary. Over the weekend he rescinded his exclusive endorsement of Pamela Evette, the lieutenant governor, announcing instead that he would support both Evette and her runoff opponent, Alan Wilson, the state’s attorney general.
The move put Evette’s political future in jeopardy: Even before Trump’s dual endorsement, she trailed in limited public polling and was seen by political observers in South Carolina as a weak candidate with little to show besides the president’s coveted endorsement.
“Her chief distinction from Alan Wilson was that Trump endorsed her,” said Dr. Dubose Kapeluck, a professor of political science at the Citadel Military College of South Carolina.
Trump’s dual endorsement “was a kiss of death,” he told MS NOW.
Evette, who moved to South Carolina from Ohio to found a successful payroll and HR company in 2000, has been lieutenant governor since 2019, serving under Gov. Henry McMaster, who is term-limited.
In office, she has pursued meaningful but little-celebrated policies, like a key tort reform bill, according to Gil Gatch, a Republican member of the South Carolina state House and an Evette supporter.
But voters could be forgiven for knowing little about Evette besides the fact that Trump endorsed her, which he did just days before the June 9 primary. Visitors to her campaign website are greeted with a full-screen message labeling Evette as “Trump-endorsed.” The first line in her X bio states the same. Pro-Evette television ads are quick to tout the endorsement.
An accomplishment like tort reform, while noted on Evette’s website, “maybe could have been something that was highlighted more heavily,” Gatch told MS NOW.
The political makeup of South Carolina nearly guarantees the next governor will be whoever emerges on Tuesday between Evette and Wilson. They survived a crowded primary field on June 9, and nearly every challenger who fell short of the runoff publicly endorsed the attorney general.
“She’s just not a good candidate,” Josh Kimbrell, a state senator who failed to make the runoff and has since said he’d back Wilson, said of Evette.
“She kind of assumed this was a coronation, and that was never going to go over that well,” he added.
Even some pro-Trump voters were confused by the president’s initial endorsement of Evette, whom he called “a good friend, fighter, and WINNER” in a social media post in May.
“I have no clue why Trump would endorse Pamela Evette,” Leland Lemmons, a 30-year-old Trump supporter told MS NOW as he exited a polling site in the Greenville suburb of Easley on June 9.
“She’s served, you know, a decent time. I just haven’t seen much fruition of what she’s done in office,” he added.
In a post on Truth Social Friday announcing his dual endorsement, Trump wrote, “I can’t hurt one of them by only Endorsing the other, so, therefore, I am going to Endorse, for Governor of South Carolina, both Pam Evette and Alan Wilson!”
In a subsequent statement on X, Evette said, “I was proud to come in first as [Trump’s] endorsed candidate for Governor on June 9th. Looking forward to doing it again on June 23rd.”
After The Washington Post foreshadowed the dual endorsement last Tuesday, allies of Evette were quick to denounce the possibility.
“I would guess that’s fake news,” Suzanne Pucci, a member of Evette’s finance committee, told MS NOW of the chance Trump would also endorse Wilson. “She’s probably not real worried about it.”
Another close ally and supporter told MS NOW at the time the report was “a total, fabricated lie.”
“[Trump] is invested in Pamela Evette because she invested in him. He’s a loyal guy. That kind of stuff is important to him,” added the supporter, who spoke on condition of anonymity.
“With or without Trump, I think she is going to win,” they said.
On Thursday, a senior campaign aide, who spoke on condition of anonymity, brushed off the idea of a dual endorsement, telling MS NOW in a statement, “Pamela Evette has earned the complete and total endorsement of President Trump. She is the only Trump-endorsed candidate in this race and we look forward to delivering a big win for the president on Tuesday.”
Roughly 24 hours later, Trump retracted the exclusive endorsement.
Will McDuffie is a reporter for MS NOW.
The Dictatorship
Fears of an ‘economic catastrophe’ helped push Trump toward an Iran deal
As last week’s G7 summit in France got underway, a reporter asked Donald Trump whether his purported deal with Iran was final. “No, it’s not final,” the president replied. Later that day — during a visit to Versaillesof all places — he signed the framework anyway.
But moments after signing his name to the memorandum of understanding, Trump offered an unsubtle hint about what he was thinking at the time. Amid applause from those around him, the American president pointed down and then up while saying“Oil down, stocks up.”
In other words, Trump’s focus had nothing to do with natural security and everything to do with the economy. What’s more, the four-word phrase was part of a larger and underappreciated pattern. The Washington Post reported:
In the more than 100 days since President Donald Trump launched a war with Iran, he has offered a shifting list of reasons for why he started the conflict. But in explaining his push for peace, he named a priority much closer to home: protecting the stock market.
“I didn’t want to see economic catastrophe,” Trump told reporters gathered in the Alpine spa town of Évian-les-Bains, France, after the Group of Seven summit.
As the summit wrapped up, the Republican similarly said“I’ve studied presidents, some good, some bad, some great. Not too many are great and some really bad. … And the one president I did not want to be was the late, great Herbert Hoover. I didn’t want that and who knows what would have happened.”
He pushed the same point in an interview with Axios, which was released over the weekend.
“If I went further, the stock market would be much lower,” the president said. “Now think of this: I have one primary wish as president, in terms of people: I never want to be the late, great Herbert Hoover.”
The comments came days after Trump similarly argued“The alternative to this deal was a global recession. There are stupid people who want to see a global recession. They are just stupid people.”
Whether the president fully appreciates the implications of his own rhetoric, this string of comments doesn’t just shed light on his motivations for accepting a defeat, it also suggests he saw his failed policy in Iran as pushing the global economy toward a dangerous cliff.
In other words, based on Trump’s own comments, the war he started was poised to create an “economic catastrophe,” which he was desperate to avoid — and which led him to accept a framework that empowered Iran to get what it wanted in exchange for effectively no concessions at all.
Steve Benen is a producer for “The Rachel Maddow Show,” the editor of MaddowBlog and an MS NOW political contributor. He’s also the bestselling author of “Ministry of Truth: Democracy, Reality, and the Republicans’ War on the Recent Past.”
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